Quote from: smartwart on June 18, 2017, 06:43:46 PM

Quote from: Prova123 on June 18, 2017, 06:18:47 PM

Quote from: luicon on June 18, 2017, 05:31:52 PM

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pretty expensive iota right now, isn't it?
price should be at least 40 times lower

around 0.01$ / mIOTA

Quote

Definitely interesting. So you have by math a reply to what it'd be a right price... well I see people that bought during ICO time and now they're selling all. By their opinion iota is overvalued. If not why there is a sell offer in a bid list on bitfinex?

On my own I don't understand a good value for iota. My doubt is: if iota is for small transaction well iota has to be at a low price. It's the power of logic but not for an exchange mind oriented.

How can you see someone has bought during ico and selling all now?
And having ask and bid orders is called a "market" - ever heard about it?

I agree with you that you don't understand IOTA.
Here is link that may help you out: http://www.iotasupport.com/
One IOTA for a valued transaction cost around 0.0000004 usd - this is not a low price in your mind?
Seems the power of logic is not with you ...

Market is stupid and stupid is everyone has a great faith on it, my son...
I know people that 2 years ago bought your coins and now they are selling on bitfinex, sorry. And they are NOT young people... they're businessmen only (the gods of the market, they're the market hidden hands).... sorry, but the truth is bitter, always in our life...

About the power of logic, a coin taylored for small trasaction, for the power of logic, has NOT to be charged by fees, and I know before bitfinex there're a good fee business. God bless you guys...

About the value I agree with the math of luicon sorry but it's my own opinion.
I hope you become rich by iota. Personally I can't...